Stephen Whiteside reviewed market conditions heading into the weekend, noting that U.S. markets were closed while Canadian markets were expected to be thinly traded. The overall market tone remained constructive, supported by a declining VIX and strong weekly gains in major U.S. indexes, particularly the NASDAQ and semiconductor sector. Crude oil weakened significantly during the week, while gold remained relatively flat and Bitcoin continued to trade without a clear trend.
The analysis focused on key price targets and technical levels across major ETFs and sectors. In Canada, financial stocks continued to provide leadership while materials, gold stocks, energy, and technology showed signs of weakness. Several TSX leaders were reviewed, with Air Canada benefiting from lower oil prices and Bank of Nova Scotia approaching an important price target. Investors were encouraged to remain aware of changing sector leadership and key support and resistance levels heading into next week.
Stephen Whiteside
Friday, June 19, 2026
